corporate philanthropy

Should Your Company Get Involved in Corporate Philanthropy?

This may feel like a no-question type of inquiry but if your company isn’t currently involved in any philanthropic ventures you might be wondering if it would be a good idea? What exactly does it involve? Corporate Philanthropy is a donation or gift from employees or company to a charitable organization. These donations or gifts can be goods, services, volunteering time or money. You don’t have to be a big corporation to involve your team or your company in worthwhile charitable activities.

If you don’t have a large budget but want to make a difference it can be as easy as hosting an old school bake sale with proceeds to a local charity. You and your office can have a winter coat drive or a toy drive that benefits the less fortunate. Finding a program or event that works best for your company is your first step in finding the means to successfully give back. If you’re wondering why (other than doing good) your company should word at giving back, there are plenty of reasons. Donating time and effort and working together to create change can have a positive effect on your company. It can boost morale amongst your employees and give the furthered sense of purpose. That purposeful feeling will go beyond their regular work assignments.

corporate philanthropy

You can also create opportunities for your employees to team build and create leadership skills depending on the type of charitable act you wish your company to get involved in. Beyond creating a sense of purpose, comradery and doing good there are other benefits to doing charitable donations/activities. The more obvious reason to donate service and money to a cause in need is that its tax deductible at the end of the year. Furthermore, it’s a great way to spread your name amongst your community. Dependent upon the charity or event you choose there can be certain brackets involved that allow you to have your name displayed. Different organizations will allow you to ‘sponsor’ an event and in turn, will offer a place for your company name on their banner displays and other perks.

There are a few definite ways that your corporation or company can give back. These include things like giving gifts to an organization. For example, if you own a car dealership you can offer one of your cars to a local women’s shelter that needs a new car for running errands. Furthermore, you can offer your employees the opportunity to deduct certain amounts fro their payroll that will go towards a charitable choice. There’s also the option of company volunteer activities. You can turn to FullTilt Teams to plan charitable activities that also work at team building and leadership skills. Whether your team is 20 people of a group of 2,000 we have charitable activities like bike building and fun games around food donation that can foster fun and friendship between your employees. Giving back and learning how to work together can be a combined effort for your company.